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Published on 8/6/2015 in the Prospect News Emerging Markets Daily.

Pan India Food Solutions approves up to Rs. 260 million of debentures

By Wendy Van Sickle

Columbus, Ohio, Aug. 6 – Pan India Food Solutions Pvt. Ltd.’s board of directors approved the allotment of up to Rs. 260 million of series 1, tranche 2, rated, secured, redeemable, nonconvertible debentures, according to a notice with the Bombay Stock Exchange.

The debentures have a face value of Rs. 1 million each and will be issued on a private placement basis.

The retail restaurant business, whose brands include Noodle Bar, Bombay Blue and Gelato Italiano, is based in Mumbai.


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